StealthGas Inc. (GASS) Receives “Buy” Rating from Jefferies Group
StealthGas Inc. (NASDAQ:GASS)‘s stock had its “buy” rating restated by Jefferies Group in a research note issued on Wednesday. They currently have a $7.00 target price on the stock. Jefferies Group’s price target would suggest a potential upside of 102.31% from the stock’s current price.
Separately, Barclays PLC dropped their price target on StealthGas from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Monday, October 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. StealthGas currently has an average rating of “Hold” and an average target price of $7.00.
StealthGas (NASDAQ:GASS) traded up 6.07% during trading on Wednesday, reaching $3.67. The company had a trading volume of 11,467 shares. The firm’s market capitalization is $145.87 million. The firm’s 50-day moving average price is $3.24 and its 200 day moving average price is $3.64. StealthGas has a one year low of $2.39 and a one year high of $5.18.
StealthGas (NASDAQ:GASS) last released its quarterly earnings results on Tuesday, November 29th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.08. The firm earned $34.40 million during the quarter, compared to analysts’ expectations of $35.80 million. StealthGas had a positive return on equity of 0.10% and a negative net margin of 2.01%. Equities analysts forecast that StealthGas will post $0.01 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of GASS. State Street Corp boosted its stake in StealthGas by 0.3% in the second quarter. State Street Corp now owns 33,611 shares of the company’s stock worth $127,000 after buying an additional 104 shares in the last quarter. Towerview LLC boosted its stake in StealthGas by 13.6% in the third quarter. Towerview LLC now owns 136,329 shares of the company’s stock worth $472,000 after buying an additional 16,329 shares in the last quarter. California Public Employees Retirement System boosted its stake in StealthGas by 7.3% in the second quarter. California Public Employees Retirement System now owns 586,400 shares of the company’s stock worth $2,217,000 after buying an additional 40,100 shares in the last quarter. Robotti Robert boosted its stake in StealthGas by 24.8% in the second quarter. Robotti Robert now owns 632,069 shares of the company’s stock worth $2,389,000 after buying an additional 125,450 shares in the last quarter. Finally, FMR LLC boosted its stake in StealthGas by 11.5% in the second quarter. FMR LLC now owns 3,834,634 shares of the company’s stock worth $14,495,000 after buying an additional 395,989 shares in the last quarter. 61.45% of the stock is currently owned by institutional investors and hedge funds.
StealthGas Company Profile
StealthGas Inc is a provider of international seaborne transportation services to liquefied petroleum gas (LPG) producers and users, as well as crude oil and product carriers to oil producers, refineries and commodities traders. The Company owns a fleet of LPG carriers. Its LPG carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas.
Receive News & Ratings for StealthGas Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StealthGas Inc. and related companies with MarketBeat.com's FREE daily email newsletter.